3221 42ND AVE S MINNEAPOLIS MN 55406

PID: 0602823140105

Property Overview

Parcel ID0602823140105

Lot Size10,204 sq ft (0.234 ac)

Lot Dimensions (est.)136 ft wide × 75 ft deep

Year Built2016

Property ClassRESIDENTIAL

OwnerSARAH A MCGEE TRUST

Assessed Value$688,000

Land Value$178,000

Building Value$510,000

Annual Tax$11,311

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $2K total declared value · Most recent: Apr 2026 (existres)

ExistresApr 2026Closed

Standard Heating and Air Conditioning Inc

ResOct 2025Inspection

Erik Nelson Plumbing LLC

RemodelSep 2023Closed

$2K

EGRESS WINDOW GUY

ResJul 2020Closed

UPTOWN PLUMBING HEATING AND COOLING

ResDec 2019Closed

Warners Stellian Co Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width65 ft

Buildable depth96 ft

Area~6,246 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 6,246 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3217 42ND AVE S MINNEAPOLIS MN 55406	T A HYDE & K S-M KYDE	RESIDENTIAL	$348,000	56 ft
3225 42ND AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	62 ft
3213 42ND AVE S MINNEAPOLIS MN 55406	PATRICIA K MURPHY	RESIDENTIAL	$190,000	93 ft
3229 42ND AVE S MINNEAPOLIS MN 55406	TJIA A RICHMOND	RESIDENTIAL	$417,000	112 ft
3209 42ND AVE S MINNEAPOLIS MN 55406	BRENT DUCKLOW/CLAIRE BYERLY	RESIDENTIAL	$260,000	137 ft
3220 43RD AVE S MINNEAPOLIS MN 55406	MARY E ALBING & JANE A LIEN	RESIDENTIAL	$420,600	148 ft
3216 43RD AVE S MINNEAPOLIS MN 55406	D L WOOD & M E STRACK	RESIDENTIAL	$353,900	152 ft
3224 43RD AVE S MINNEAPOLIS MN 55406	DANNY L RIONS & WIFE	RESIDENTIAL	$454,400	160 ft
3233 42ND AVE S MINNEAPOLIS MN 55406	PENNYMAC LOAN SERVICES LLC	RESIDENTIAL	$283,000	162 ft
3212 43RD AVE S MINNEAPOLIS MN 55406	S A MEYER & J A MEYER	RESIDENTIAL	$375,700	171 ft

Property History

Most Recent Sale

Date202009

Price$625,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,311